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Israel cuts gasoline price 42 agorot per liter Sunday

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  • Israel's Energy and Infrastructure Ministry announced gasoline prices will drop 42 agorot per liter Saturday-Sunday midnight.
  • Self-service 95-octane gasoline, VAT included, falls to NIS 7.35 from NIS 7.77.
  • The cut follows a 13% Mediterranean gasoline decline and a 2% dollar rise.
  • Finance Minister Bezalel Smotrich set a temporary NIS 1-per-liter excise cut costing NIS 326 million monthly.
  • The tax order ends November 3, risking a price rise to NIS 8.35 on November 5.